Is Core Spreads a Scam?

Is Core Spreads A Scam?

Because they were only founded in 2014, Core Spreads may not be as familiar to traders as some of the biggest CFD brokers out there. Nevertheless, this company is at the very top of the trading industry, with new traders signing up with them every day. However, if you want to be sure that you’ll be dealing with a reliable partner if you open an account here, you’re at the right place. We tested every part of the broker’s website in order to see is Core Spreads a scam or a legit broker and the results will be shown in the rest of the article. Read on and find out if these people are worthy of your time and money.

Is Core Spreads a Scam? | Regulated

The best way to start looking for clues about is Core Spreads a scam or legit is to look for a license. We have good news here because this broker is regulated by the Financial Conduct Authority (the FCA), a body in charge of controlling the financial markets in the UK and one of the strictest organizations of its kind in the world. This also means that all their clients are protected by the FSCS (Financial Services Compensation Scheme), which means that your money will be protected even if the broker ceases to exist. So, from a legal perspective at least, all necessary mechanisms seem to be in place to protect your funds if something happens to this company. But what about the company itself? Can you trust people working here? Stay tuned and find out!

Core Spreads Safety of Funds

Is Core Spreads a Scam? | Everything works fine

If a trader asks him- or herself “Is Core Spreads a scam?” the first thing they want to know is how safe their money is here. We discussed deposit and withdrawals in more detail in our Core Spreads Review 2017, but we have to say that we had absolutely no problems with money transfers. Not a single cent went missing. In addition, the broker keeps all funds in segregated accounts at Barclays Bank, one of the most respected banks in the world, so your money will always be safe. Furthermore, we have to say that the platform is simple to use, very quick and updated regularly, and only the freshest information is served to you. Finally, the support team is also excellent and you can count on them to help you out with whatever you need, which is another proof that Core Markets is perfectly legit.

Core Spreads CoreTrader

Is Core Spreads a Scam? | Conclusion

Is Core Spreads a scam? Not a chance! We saw absolutely no evidence of any kind of fraud whatsoever during our time with this company. Everything here is 100% safe and guaranteed for by the FCA. With their license, you know no problems can arise. So don’t be afraid and open an account with Core Spreads, one of the most serious and professional trading partners you can currently find in this industry.

Author's overall rating:

Author: Ben Prescott

Updated: March 3, 2019

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